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Testing the Tide | Monthly FIRE Portfolio Update - June 2020

We would rather be ruined than changed.
-W H Auden, The Age of Anxiety
This is my forty-third portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $726 306
Vanguard Lifestrategy Growth Fund – $42 118
Vanguard Lifestrategy Balanced Fund – $78 730
Vanguard Diversified Bonds Fund – $111 691
Vanguard Australian Shares ETF (VAS) – $201 745
Vanguard International Shares ETF (VGS) – $39 357
Betashares Australia 200 ETF (A200) – $231 269
Telstra shares (TLS) – $1 668
Insurance Australia Group shares (IAG) – $7 310
NIB Holdings shares (NHF) – $5 532
Gold ETF (GOLD.ASX) – $117 757
Secured physical gold – $18 913
Ratesetter (P2P lending) – $10 479
Bitcoin – $148 990
Raiz app (Aggressive portfolio) – $16 841
Spaceship Voyager app (Index portfolio) – $2 553
BrickX (P2P rental real estate) – $4 484
Total portfolio value: $1 765 743 (+$8 485 or 0.5%)
Asset allocation
Australian shares – 42.2% (2.8% under)
Global shares – 22.0%
Emerging markets shares – 2.3%
International small companies – 3.0%
Total international shares – 27.3% (2.7% under)
Total shares – 69.5% (5.5% under)
Total property securities – 0.3% (0.3% over)
Australian bonds – 4.7%
International bonds – 9.4%
Total bonds – 14.0% (1.0% under)
Gold – 7.7%
Bitcoin – 8.4%
Gold and alternatives – 16.2% (6.2% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The overall portfolio increased slightly over the month. This has continued to move the portfolio beyond the lows seen in late March.
The modest portfolio growth of $8 000, or 0.5 per cent, maintains its value at around that achieved at the beginning of the year.
[Chart]
The limited growth this month largely reflects an increase in the value of my current equity holdings, in VAS and A200 and the Vanguard retail funds. This has outweighed a small decline in the value of Bitcoin and global shares. The value of the bond holdings also increased modestly, pushing them to their highest value since around early 2017.
[Chart]
There still appears to be an air of unreality around recent asset price increases and the broader economic context. Britain's Bank of England has on some indicators shown that the aftermath of the pandemic and lockdown represent the most challenging financial crisis in around 300 years. What is clear is that investor perceptions and fear around the coronavirus pandemic are a substantial ongoing force driving volatility in equity markets (pdf).
A somewhat optimistic view is provided here that the recovery could look more like the recovery from a natural disaster, rather than a traditional recession. Yet there are few certainties on offer. Negative oil prices, and effective offers by US equity investors to bail out Hertz creditors at no cost appear to be signs of a financial system under significant strains.
As this Reserve Bank article highlights, while some Australian households are well-placed to weather the storm ahead, the timing and severity of what lays ahead is an important unknown that will itself feed into changes in household wealth from here.
Investments this month have been exclusively in the Australian shares exchange-traded fund (VAS) using Selfwealth.* This has been to bring my actual asset allocation more closely in line with the target split between Australian and global shares.
A moving azimuth: falling spending continues
Monthly expenses on the credit card have continued their downward trajectory across the past month.
[Chart]
The rolling average of monthly credit card spending is now at its lowest point over the period of the journey. This is despite the end of lockdown, and a slow resumption of some more normal aspects of spending.
This has continued the brief period since April of the achievement of a notional and contingent kind of financial independence.
The below chart illustrates this temporary state, setting out the degree to which portfolio distributions cover estimated total expenses, measured month to month.
[Chart]
There are two sources of volatility underlying its movement. The first is the level of expenses, which can vary, and the second is the fact that it is based on financial year distributions, which are themselves volatile.
Importantly, the distributions over the last twelve months of this chart is only an estimate - and hence the next few weeks will affect the precision of this analysis across its last 12 observations.
Estimating 2019-20 financial year portfolio distributions
Since the beginning of the journey, this time of year usually has sense of waiting for events to unfold - in particular, finding out the level of half-year distributions to June.
These represent the bulk of distributions, usually averaging 60-65 per cent of total distributions received. They are an important and tangible signpost of progress on the financial independence journey.
This is no simple task, as distributions have varied in size considerably.
A part of this variation has been the important role of sometimes large and lumpy capital distributions - which have made up between 30 to 48 per cent of total distributions in recent years, and an average of around 15 per cent across the last two decades.
I have experimented with many different approaches, most of which have relied on averaging over multi-year periods to even out the 'peaks and troughs' of how market movements may have affected distributions. The main approaches have been:
Each of these have their particular simplifications, advantages and drawbacks.
Developing new navigation tools
Over the past month I have also developed more fully an alternate 'model' for estimating returns.
This simply derives a median value across a set of historical 'cents per unit' distribution data for June and December payouts for the Vanguard funds and exchange traded funds. These make up over 96 per cent of income producing portfolio assets.
In other words, this model essentially assumes that each Vanguard fund and ETF owned pays out the 'average' level of distributions this half-year, with the average being based on distribution records that typically go back between 5 to 10 years.
Mapping the distribution estimates
The chart below sets out the estimate produced by each approach for the June distributions that are to come.
[Chart]
Some observations on these findings can be made.
The lowest estimate is the 'adjusted GFC income' observation, which essentially assumes that the income for this period is as low as experienced by the equity and bond portfolio during the Global Financial Crisis. Just due to timing differences of the period observed, this seems to be a 'worst case' lower bound estimate, which I do not currently place significant weight on.
Similarly, at the highest end, the 'average distribution rate' approach simply assumes June distributions deliver a distribution equal to the median that the entire portfolio has delivered since 1999. With higher interest rates, and larger fixed income holdings across much of that time, this seems an objectively unlikely outcome.
Similarly, the delivery of exactly the income suggested by long-term averages measured across decades and even centuries would be a matter of chance, rather than the basis for rational expectations.
Central estimates of the line of position
This leaves the estimates towards the centre of the chart - estimates of between around $28 000 to $43 000 as representing the more likely range.
I attach less weight to the historical three-year average due to the high contribution of distributed capital gains over that period of growth, where at least across equities some capital losses are likely to be in greater presence.
My preferred central estimate is the model estimate (green) , as it is based in historical data directly from the investment vehicles rather than my own evolving portfolio. The data it is based on in some cases goes back to the Global Financial Crisis. This estimate is also quite close to the raw average of all the alternative approaches (red). It sits a little above the 'adjusted income' measure.
None of these estimates, it should be noted, contain any explicit adjustment for the earnings and dividend reductions or delays arising from COVID-19. They may, therefore represent a modest over-estimate for likely June distributions, to the extent that these effects are more negative than those experienced on average across the period of the underlying data.
These are difficult to estimate, but dividend reductions could easily be in the order of 20-30 per cent, plausibly lowering distributions to the $23 000 to $27 000 range. The recently announced forecast dividend for the Vanguard Australian Shares ETF (VAS) is, for example, the lowest in four years.
As seen from chart above, there is a wide band of estimates, which grow wider still should capital gains be unexpectedly distributed from the Vanguard retail funds. These have represented a source of considerable volatility. Given this, it may seem fruitless to seek to estimate these forthcoming distributions, compared to just waiting for them to arrive.
Yet this exercise helps by setting out reasoning and positions, before hindsight bias urgently arrives to inform me that I knew the right answer all along. It also potentially helps clearly 'reject' some models over time, if the predictions they make prove to be systematically incorrect.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 81.0% 109.4%
Credit card purchases – $71 000 pa 98.8% 133.5%
Total expenses – $89 000 pa 79.2% 106.9%
Summary
The current coronavirus conditions are affecting all aspects of the journey to financial independence - changing spending habits, leading to volatility in equity markets and sequencing risks, and perhaps dramatically altering the expected pattern of portfolio distributions.
Although history can provide some guidance, there is simply no definitive way to know whether any or all of these changes will be fundamental and permanent alterations, or simply data points on a post-natural disaster path to a different post-pandemic set of conditions. There is the temptation to fit past crises imperfectly into the modern picture, as this Of Dollars and Data post illustrates well.
Taking a longer 100 year view, this piece 'The Allegory of the Hawk and Serpent' is a reminder that our entire set of received truths about constructing a portfolio to survive for the long-term can be a product of a sample size of one - actual past history - and subject to recency bias.
This month has felt like one of quiet routines, muted events compared to the past few months, and waiting to understand more fully the shape of the new. Nonetheless, with each new investment, or week of lower expenditure than implied in my FI target, the nature of the journey is incrementally changing - beneath the surface.
Small milestones are being passed - such as over 40 per cent of my equity holdings being outside of the the Vanguard retail funds. Or these these retail funds - which once formed over 95 per cent of the portfolio - now making up less than half.
With a significant part of the financial independence journey being about repeated small actions producing outsized results with time, the issue of maintaining good routines while exploring beneficial changes is real.
Adding to the complexity is that embarking on the financial journey itself is likely to change who one is. This idea, of the difficulty or impossibility of knowing the preferences of a future self, is explored in a fascinating way in this Econtalk podcast episode with a philosophical thought experiment about vampires. It poses the question: perhaps we can never know ourselves at the destination? And yet, who would rationally choose ruin over any change?
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

Bitcoin Market Weekly Report - Week of 06/07/2020

Bitcoin Market Weekly Report - Week of 06/07/2020

Coinviva BTC-USD Daily Chart
The volatility of Bitcoin movement remained low for the second week. Since the beginning of July, the Bitcoin price ranged between $8,918 and $9,298. The trend remained slightly bearish as the price failed to break above $10,000 last month, and the bars were hovering around the lower Keltner band. The current support is at $9,000.
If the volatility starts to pick up this week and breaks below the support, a short signal is confirmed amid the current bearish trend. The next support level is at $8,500.
Review of the week:
CoinGecko, the cryptocurrency analytics firm, in its recent quarterly report for Q2 2020, charted the price change for before and after the 2016 and the 2020 halvings. In July 2016, Bitcoin was trading between $400 – $950. While in the 50 days prior, it rose by 11 percent, in the 50 days after the halving, the price dropped by 9 percent. Coming back to 2020, in the 50 days prior to the halving, the price rose by 50 percent, and in the 50 days after, by 5 percent. Given the late halving surplus in 2016, the prevailing economic conditions of 2020, and the massive increase in the market capitalization of Bitcoin in the ensuing four years, it concluded that the present price is “more bullish” than expected: “Despite having a market capitalization 15 times larger in 2020 than in 2016, Bitcoin showed a more bullish price movement during the 3rd Halving event.”

https://preview.redd.it/pd26ci5en6951.png?width=912&format=png&auto=webp&s=0feabe20422b0aa13e8b8c6e80991ed63ddc5157
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

Major Moon Math Update: The Pre Halving Prognostication Update

Major Moon Math Update: The Pre Halving Prognostication Update

https://www.moonmath.win/
The halving is coming and just like each preceding halving event bears argue that the halving is priced in while bulls argue that it’s impossible to price in the halving. The pattern repeats itself predictably. If you don’t believe me go back and look at the discussion threads leading up to the last halving. We see the same arguments using the same reasoning today that we saw back then.
Where does Moon Math stand on the controversy? That shouldn’t be hard to predict; both perspectives have important truths to observe. Unwrapping the truths and attaching ourselves to what seems most important is a hard problem, and maybe we can try to figure that out together.
https://www.tradingview.com/x/mgWU9IkM/
We’re going to unpack that graphic over the course of this post.
Bitcoin’s price moves ahead of itself a little before each halving event and cools off immediately after the price surges. That happens even though eight weeks before the last halving we saw the price almost double in a four week period. Bulls will be quick to point out that the price still jumped from a low of $430 to a high of $780, but the market showed that the price was unsustainable on the high end of that.
https://www.tradingview.com/x/pJK2Ppd6/
The 2012 halving also showed an unsustainable doubling of the price, from a low of $7.05 to a high of $15.50 8 weeks before the halving.
https://www.tradingview.com/x/zKx5pyYx/
Each time bitcoin breaks out like this before the halving we see the price recede back to more rational prices. Then, after the halving, the price rises into a slow multi-year parabolic advance.
To be clear, I do NOT see bitcoin’s price doubling again before the halving. That improbable event will take us to a new ATH and performance like that will out pace all previous halving events. It could happen, but $20k bitcoin before the third quarter of this year is an extremely low probability event. Instead, I think we’re seeing the impact of a mature and slower market. Instead of the price doubling over a few weeks we see it more than double over a year. Proportionally we’re right where we should be, and $10k bitcoin only seems like a slightly high premium for late market entrances.
The Moon Math narrative is that the price of bitcoin is stabilizing over time. We can see that by measuring the gap between Bollinger bands from week to week. https://www.tradingview.com/x/uN71Abe5/
BBand width shows us that volatility is trending down, but also that we’re seeing fewer periods of extended price stability. Overall, though, bitcoin is much less volatile in the past.
We can also see that we’ve been in an extended period of accumulation as measured by “on balance volume”
https://www.tradingview.com/x/VlEjfXgd/
The market is accumulating bitcoin week over week and the rate of that accumulation is, compared historically, very gradual. We haven’t seen rapid accumulation spikes pre halving, yet. The lack of obscene pre halving accumulation might convince some bulls that the market hasn’t seen what should be a pre halving surge. Those bulls might pause for a minute and observe the impact of leverage and the increased volume we’ve seen over the last several weeks. The pre halving surge is here, but the market might have priced in the “inevitable” surge and crash by way of leveraged short positions. Have short positions stabilized bitcoin’s price performance and prevented what would otherwise be a very irrational pre halving swing? Indeed, the market cannot rationally anticipate the impact of the halving event, but it can smooth out the peaks and valleys that we’ve seen in the past. Again, look at OBV and BBand widths on the weekly chart and try to tell yourself that bitcoin is less stable today than it was 4 or 8 years ago.
Retail’s share of overall market volume has also been increasing steadily.
https://www.tradingview.com/x/33C6kCo
The story is the same with (green) and without (red) Bitmex. More bitcoins are being purchased on unleveraged markets. Presumably those bitcoins are being held longer term.
On the twelve-hour chart we see a descending broadening wedge.
https://www.tradingview.com/x/dfi2jtzB/
http://thepatternsite.com/dbw.html
If this pattern confirms we’ll see an irrational pre halving surge, but I don’t think it we’ll see a local high before the halving.

The Final prognostication

Cash, stability, volume, fractals, fundamentals, classical charts… everything is pointing to business as usual for the halving, but with less gusto. The price isn’t going to do a lot in 2020 and any substantial breakout will probably be kyboshed by way of shorts on leveraged markets. It’s going to look a lot like past halvings; the price will look and feel flat, which is what our final chart projects.
Behold, the price projected using the price performance of the last two halvings. The blue line describes what I think will happen: https://www.tradingview.com/x/kdrfJNA
And now zoomed out:
https://www.tradingview.com/x/1B9PVdF0/
So, as always, zoom the fuck out.
Good hunting
submitted by jarederaj to BitcoinMarkets [link] [comments]

Bitcoin Market Weekly Report - Week of 29/06/2020

Bitcoin Market Weekly Report - Week of 29/06/2020
Bitcoin has been trading sideways in a tight price range from $9,000 to $10,000 since the beginning of May 2020. As a result, its 10-day volatility has now fallen to a new year-to-date low. Looking at the tightened price moves through Bollinger Bands further implies a growing contraction in the cryptocurrency’s volatility.

https://preview.redd.it/wdnind6kns751.png?width=980&format=png&auto=webp&s=6e51b1ed426ff449c09d0b316a32d14093aeb179
A period of low volatility ends up in a breakout. But it is difficult to predict the direction of Bitcoin’s next big move. As shown in the chart below, Bitcoin is trading inside a symmetrical triangle, its price fluctuating within the pattern’s contracting upper and lower trendlines. Since the Triangle appears after Bitcoin’s 150 percent price rally, its bias is to the upside. That puts Bitcoin en route to new 2020 highs.

https://preview.redd.it/w1m2d9knns751.png?width=980&format=png&auto=webp&s=ac596c6c15f62ac13ed96c383864a46065c3aad7
Review of the week:
Former Wall Street investor Tone Vays summarised this week that because of Bitcoin’s high correlation with the stock market (S&P 500), BTC will be stuck in the $6,000 to $10,000 range until 2021. On a technical level, he added, Bitcoin’s daily relative strength index, or RSI, breaking below a long-term trendline in June came at the same time as higher Bitcoin price levels compared to May. And if bears win out, a potential low for BTC/USD should lie in the $7,000 zone, with an RSI of around 30. Bitcoin is more likely to break this consolidation to the downside rather than the upside.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

We’re giving away an Apple Watch 5 as a thank you to the cryptocurrency community for supporting Crypto Pro.

The winner has been chosen: https://www.reddit.com/Bitcoin/comments/e465tg/and_the_winner_of_the_apple_watch_5_is/
EDIT:
When the timer is done, we will run the linked script to select the winner. The script takes the Reddit IDs of all comments in this thread and sha256 hashes each one. It then finds the closest comment hash to the hash of latest Bitcoin block at the time (4PM PDT 30/11/2019).
We will pick the first eligible comment from the list of results. (Our comments are ineligible)
This way the results are completely random and yet still verifiable by everyone. You can run the script yourself and reproduce the results. (we will paste in the script output)
https://gist.github.com/CryptoProApp/d2fa04fab93bbdc8602693f488ece354
In the holiday spirit, and as a thank you to the cryptocurrency community, we, at Crypto Pro are giving away brand new Apple Watch 5 to one lucky bag holders.
Crypto Pro launched back in 2015 when Bitcoin was priced at $200 a pop, and Dogecoin ranked 7th. We wanted to create a small Apple Watch widget so that everyone can see Bitcoin’s price at the flick of a wrist.
The app has gone a long way since then, and we have the reddit and cryptocurrency community to thank, for giving us both encouragements and constructive feedback to shape what the app is today. So thank you:)

Rules

  • Enter by simply commenting on this post. 1 comment = 1 entry
  • Only accounts created before the post is published (to avoid new account spamming).
  • Submissions will last for 24 hours, then the winner will be picked via a random comment selector. The Winner will have 48 hours to respond before picking another winner.
  • We will airdrop/ship the Apple Watch to any country, so long as it is possible to do so. Winner can select the size & color of band (standard).

What is Crypto Pro?

Crypto price / news / portfolio app designed for iOS. Users can see stats like portfolio gains, losses, and other cool analytics. As well as set price alerts, read news, connect to your exchanges and wallets. Here's a link to check us out!

How are we different?

We are the only major cryptocurrency app that keeps all the user data on device and doesn't track or analyze it in any way. We believe that privacy is important, and that no one should have access to your portfolio size, market viewing habits, or API keys. Everything is encrypted and stored locally on your phone. When you delete the app, all your data is deleted… the way it should be. (but we have an option to backup to your own iCloud or Dropbox account if you want to).
We also think the design is pretty cool tbh. We got some nice sparklines going, cool charts, real-time pricing, and a bunch of other cool features. Here’s a few pictures I put together with a sample portfolio > https://imgur.com/a/acj0l67

What should I comment?

Feedback on the app is always appreciated :) or comment the year you first learnt about Bitcoin, or your price prediction for December 2020, or some just some random gibberish ಠᴗಠ.
Happy [belated] Turkey Day!
- Crypto Pro Team
P.S. Buy the fucking dip.
P.P.S. ^ not financial advice.
P.P.S. Upvote if you'd like us to throw more giveaways in the future!
The winner has been chosen: https://www.reddit.com/Bitcoin/comments/e465tg/and_the_winner_of_the_apple_watch_5_is/
submitted by Bull127 to Bitcoin [link] [comments]

Our Network Issue 5 (Decred Round 4)

Our Network Issue 5 (Decred Round 4)
Our Network Newsletter Issue #15 (Decreds fourth appearance) is released, check it out here and below. https://ournetwork.substack.com/p/our-network-issue-15

Insight 1 - Stock to Flow Model

The past month of price action in the cryptocurrency markets has been extreme, with Decred price action being no exception. This week we look at a number of key metrics which have reached extreme values, often associated with the formation of price bottoms, reflexivity, and mean reversion.
The first metric is the Stock-to-Flow model which was developed by the author. This model considers a log-log regression fit between Market Cap and the Stock-to-flow ratio of the Decred coin supply. The S2F Multiple is also shown which functions as an oscillator, indicating when network valuation has become oveundervalued relative to the S2F 'fair value' model. Following the price drop on 12/Mar, the DCR S2F multiple has entered the historical low zone last seen in Jan 2017.
https://preview.redd.it/7o6dzb47r5r41.png?width=1528&format=png&auto=webp&s=e8b2f077ffe090dfa3746b2b514c0db63dcd91ee

Insight 2 - Stock-to-Flow Residuals

The next chart shows the statistical distance between the Decred Market Cap and the predicted S2F model valuation, measured in standard deviations. For reference, an equivalent S2F model for Bitcoin is shown, with some interesting similarities in the fractals playing out in Decred's price discovery.
It can be seen for both networks, that as network value approaches ~2x standard deviations from the prediction, price tends to snap back towards the mean. For Bitcoin, this generally coincides with halving events, a shock to S2F value and scarcity. For Decred, this is more closely associated with oversold conditions since the smooth issuance curve is less variable than Bitcoin's.
https://preview.redd.it/1httuil6r5r41.png?width=1520&format=png&auto=webp&s=3f0da25cc47b7969f6fbfed9f9376a13d0c43002

Insight 3 - 142-day Ticket Sum

An on-chain metric developed by u/permabullnino is the 142-day sum of all USD value bound in Decred tickets. DCR coins bound in tickets are indicative of strong demand for holding DCR long term. This metric (red line) has shown to act similar to an upper bound Bollinger Band as resistance during price discovery.
By taking Fibonacci multiples (23.6%, 38.2% and 61.8%) of the 142-day ticket sum, additional trading ranges and boundaries have been identified. In particular, the 23.6% Fibonacci multiple (green line) has provided lower bound support throughout bull and bear cycles. In the 12/Mar market sell-off, price pierced below this level before rapidly bouncing back into the range.
https://preview.redd.it/oigufn86r5r41.png?width=1388&format=png&auto=webp&s=5988ef2953cf40d3c39d8d441af9a1eb4355bd0b

Insight 4 - Puell Multiple

Decred ASIC miners have endured very challenging market conditions after ASIC hardware was first released in Jan 2018, at the peak of the alt-coin market cycle. Given miners are long term thinkers and investors, the Puell Multiple provides insight into whether income streams are profitable or not and the level of stress in the hash-power network.
The Puell Multiple takes the ratio of daily PoW USD income to its 365day average. This provides a view of today's income relative to the past year. Similar to the metrics shown above, the Puell Multiple is approaching an extreme value commonly associated with the proverbial event where 'miners put the bottom in'.
https://preview.redd.it/m1l3lct5r5r41.png?width=1303&format=png&auto=webp&s=e1143baa59722d8e8e9805d17bb6ebf06f8a63ee

Insight 5 - Decred DEX First Atomic Swap

The Decred DEX is currently under development and is aiming to provide trustless exchange between crypto-assets via atomic swap technology. On Wednesday this week, Decred DEX server client successfully coordinated its first trustless exchange between DCR and BTC on test net.
The DEX swapped 42 DCR for 0.42 BTC with an output from bitcoin-core testnet below showing successful receipt of the coins. Full transaction details of the atomic swap are found here for those interested in the inner workings (https://gist.github.com/chappjc/6c5bc6d9244e02249b867e8fe76e4762).
https://preview.redd.it/sb32fll5r5r41.png?width=1079&format=png&auto=webp&s=a2277c81d6993872c1e3a3e52b9d5e80c044ac18
submitted by __checkmatey__ to decred [link] [comments]

04-26 14:54 - 'An Outsiders Take On Bitcoin Price Prediction' (self.Bitcoin) by /u/giantsIV removed from /r/Bitcoin within 854-864min

'''
Hello everyone, I've never really visited this community before but I was hoping to share a few ideas with everyone!
 
First off, I've never purchased bitcoin nor have I really had any other ideas about it other than 'man I wish I got in on that early.' Being quarantined has made me expand my research into areas i've never really touched before and i've made a decent little discovery that hopefully a few of you can appreciate.
 
I don't know how to exactly define my career other than a trend finder. Anywhere from finance to microeconomics trends, one of the things I like to do when finding stocks that will break out is using [Bollinger Bands]1 . They great for seeing the upper and lower sides of a stock. I also like using a 5 day [exponential moving average]2 . None of what i do is new it's basic really. I like finding stocks that have an EMA that hugs the upper Bollinger Band with consistency. [Here's an example using Amazon]3 look at the pink line thats the EMA. I like to follow that EMA hugging the upper Bollinger Band until the inevitable separation of the two begin and the stock price begins its downfall. This has shown to be no different with Bitcoin. [Here is the chart of Bitcoin leading up to its first big burst.]4 Notice the pink line and how close it is to the upper band. Had I seen this way back then I would've been in on it in a second.
Did you see how when the price shot up the upper band and pink EMA line began their separation? [Let's take a closer look]5
We can see that BTC had been trending upward but then suddenly in late November there was a dramatic upturn, this won't be that last time we see that. You can see the EMA get tighter with that upper band. Around that time the price was approximately $8,900 roughly half of what the eventual top price would be of the boom.
 
Quickly deep separation begins and price begins its free fall.
 
[Lets fast forward a year to early 2019.]6 The EMA had dove below the Moving Average and then we see the curve back trending upward.
[Now lets take a closer look at the daily charts]7
There it is again. The EMA hugs the upper band after a dramatic upturn in mid May. The approx. price around this time is $6,700 roughly half of what the top price will be at the boom.
And then history repeats itself. The separation begins and the price begins its free fall again.
 
[Going back to this chart]8 and looking towards the right we can see where we are now. It'll be interesting to watch going forward if that EMA begins its upward swing again. Im excited to follow it and hopefully you are too!!
Good luck all!
'''
An Outsiders Take On Bitcoin Price Prediction
Go1dfish undelete link
unreddit undelete link
Author: giantsIV
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Major Moon Math Update: The Pre Halving Prognostication Update

Major Moon Math Update: The Pre Halving Prognostication Update

https://www.moonmath.win/
The halving is coming and just like each preceding halving event bears argue that the halving is priced in while bulls argue that it’s impossible to price in the halving. The pattern repeats itself predictably. If you don’t believe me go back and look at the discussion threads leading up to the last halving. We see the same arguments using the same reasoning today that we saw back then.
Where does Moon Math stand on the controversy? That shouldn’t be hard to predict; both perspectives have important truths to observe. Unwrapping the truths and attaching ourselves to what seems most important is a hard problem, and maybe we can try to figure that out together.
https://www.tradingview.com/x/mgWU9IkM/
We’re going to unpack that graphic over the course of this post.
Bitcoin’s price moves ahead of itself a little before each halving event and cools off immediately after the price surges. That happens even though eight weeks before the last halving we saw the price almost double in a four week period. Bulls will be quick to point out that the price still jumped from a low of $430 to a high of $780, but the market showed that the price was unsustainable on the high end of that.
https://www.tradingview.com/x/pJK2Ppd6/
The 2012 halving also showed an unsustainable doubling of the price, from a low of $7.05 to a high of $15.50 8 weeks before the halving.
https://www.tradingview.com/x/zKx5pyYx/
Each time bitcoin breaks out like this before the halving we see the price recede back to more rational prices. Then, after the halving, the price rises into a slow multi-year parabolic advance.
To be clear, I do NOT see bitcoin’s price doubling again before the halving. That improbable event will take us to a new ATH and performance like that will out pace all previous halving events. It could happen, but $20k bitcoin before the third quarter of this year is an extremely low probability event. Instead, I think we’re seeing the impact of a mature and slower market. Instead of the price doubling over a few weeks we see it more than double over a year. Proportionally we’re right where we should be, and $10k bitcoin only seems like a slightly high premium for late market entrances.
The Moon Math narrative is that the price of bitcoin is stabilizing over time. We can see that by measuring the gap between Bollinger bands from week to week. https://www.tradingview.com/x/uN71Abe5/
BBand width shows us that volatility is trending down, but also that we’re seeing fewer periods of extended price stability. Overall, though, bitcoin is much less volatile in the past.
We can also see that we’ve been in an extended period of accumulation as measured by “on balance volume”
https://www.tradingview.com/x/VlEjfXgd/
The market is accumulating bitcoin week over week and the rate of that accumulation is, compared historically, very gradual. We haven’t seen rapid accumulation spikes pre halving, yet. The lack of obscene pre halving accumulation might convince some bulls that the market hasn’t seen what should be a pre halving surge. Those bulls might pause for a minute and observe the impact of leverage and the increased volume we’ve seen over the last several weeks. The pre halving surge is here, but the market might have priced in the “inevitable” surge and crash by way of leveraged short positions. Have short positions stabilized bitcoin’s price performance and prevented what would otherwise be a very irrational pre halving swing? Indeed, the market cannot rationally anticipate the impact of the halving event, but it can smooth out the peaks and valleys that we’ve seen in the past. Again, look at OBV and BBand widths on the weekly chart and try to tell yourself that bitcoin is less stable today than it was 4 or 8 years ago.
Retail’s share of overall market volume has also been increasing steadily.
https://www.tradingview.com/x/33C6kCo
The story is the same with (green) and without (red) Bitmex. More bitcoins are being purchased on unleveraged markets. Presumably those bitcoins are being held longer term.
On the twelve-hour chart we see a descending broadening wedge.
https://www.tradingview.com/x/dfi2jtzB/
http://thepatternsite.com/dbw.html
If this pattern confirms we’ll see an irrational pre halving surge, but I don’t think it we’ll see a local high before the halving.

The Final Prognostication

Cash, stability, volume, fractals, fundamentals, classical charts… everything is pointing to business as usual for the halving, but with less gusto. The price isn’t going to do a lot in 2020 and any substantial breakout will probably be kyboshed by way of shorts on leveraged markets. It’s going to look a lot like past halvings; the price will look and feel flat, which is what our final chart projects.
Behold, the price projected using the price performance of the last two halvings. The blue line describes what I think will happen: https://www.tradingview.com/x/kdrfJNA
And now zoomed out:
https://www.tradingview.com/x/1B9PVdF0/
So, as always, zoom the fuck out.
Good hunting
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Market Weekly Report - Week of 23/03/2020

Market Weekly Report - Week of 23/03/2020

Point95 Global Market Weekly Report

BTC/USD hourly chart
The Bitcoin recovered from past week’s fall and broke above the $6,000 resistance level, to reach almost $7,000 as suggested last week. It has since retraced but was able to hold above the upward trend line. The intraday volatility was relatively low compared to the stock market.
The BTC price is expected to go sideways and has potential to go back up to $7,200. Wait for the price to break above the upper Keltner band at around $6,524, and enter into a long position. The support is at $5,660.
Review of the week:
Morgan Creek Digital co-founded Anthony Pompliano and published a paper analyzing that in the next 18-24 months, almost all asset prices will rise sharply. Specifically, non-COVID-19 epidemic-related enterprise stocks (CIS) will receive a return of 40-70% in the next two years (based on the current overall market decline of 40-50%). It is expected that the stocks that have fallen the most so far may get the greatest returns. Gold will not exceed $2,500 in the next two years, with a return of 35% to 65%. Bitcoin's outlook is similar to gold, but with some key differences. As the dollar depreciates, investors will seek inflation to hedge assets, and Bitcoin and gold will be two of the beneficiaries. But one major difference is that Bitcoin is much more volatile than gold. Although he thinks that gold has a 35-65% upside, he has relatively high confidence (more than 85%) that the price of Bitcoin will be at least three times higher than it is now. This will bring it back to an all-time high of over $ 20,000. In summary, Bitcoin will be the best performing asset in the next 24 months.
As a borderless digital asset not controlled by governments or centralized companies, Bitcoin’s price should, in theory, travel its own path, independent of other currencies and markets. Crypto’s pioneer asset, however, has seen varied views suggesting correlations to traditional markets, such as stocks, “safe-haven” investments such as gold, or even arguments that bitcoin is not correlated to anything. But available data shows no firm answer so far. Tone Vays, Veteran Wall Street trader and crypto analyst, yet expects a positive reaction from Bitcoin during relatively uncertain economic times: “I believe that bitcoin does have a correlation with traditional stock markets because they are both private assets, and Bitcoin benefitted a lot from the ten year bull market because people got generally wealthier, and they were more willing to speculate on something like Bitcoin.”
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
Check Bitcoin Price on Coinviva: Coinviva
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For Trading February 4th

For Trading February 4th
ISM WAS A BEAT
GOOG BEAT BOTTOM LINE MISSES REVENUES
GILD HAS A “POSSIBLE” VIRAL DRUG
AIMT Approval on Peanut Allergy Drug
Join Us Every Day, Link Below
Today’s market started with a gap up on the news that China was flooding the markets with $1.2Trillion Yuan ($174Billion US$) in the Repo market and after the initial gap we moved higher and made the HOD +474 by about 10:30. After that we spent about 2 hours working back to the lows +120 and spent the rest of the day sideways to down for a finish of +143.78 (.54%), NASDAQ +122.46 (1.34%), S&P 500 +23.40 (.73%), the Russell +18.14 (1.12%) and the DJ Transports we up a meager 23.19 (.22%). The main issue for me, on a technical basis is two-fold; first of all, we closed much closer to the lows, and secondarily, it was an “inside day” generally thought to be inconsequential. However, on the plus side, most of the charts I follow are either AT or NEAR the lower Bollinger Band and are oversold in the short-term. Market internals were pretty close to 1.8:1 positive. That held in the DJIA with 21 gainers vs. 9 losers, and there were no “outsize” gainers or losers. Of course, when you have an external influence like the Coronavirus with news daily, it does make it more difficult to judge what any particular day’s news will mean to the market. We did have 8 of the 11 S&P sectors higher on the day.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: The big news was just after the close with Alphabet (GOOGL) reported a slight miss in revenues but beat on the bottom line. Unfortunately, the stock has risen from a low in October of $1163 to hit $1,525 just after the headline hit with the beat on earnings, but then fell back to $1,397.94 on the revenue miss. It is currently $1,422 – 10.78. Gilead (GILD) said that they have a drug that will help with the Coronavirus. Early in the day the stock hit $68.68 but finished the day $66.36 +3.16 (5%) probably because no matter who finds the answer for a vaccine will undoubtedly have to share it worldwide, blunting the financial gains for the better of mankind. The FDA also granted approval of Aimmune’s (AIMT) peanut allergy drug. The news actually came on Friday, late and the stock rose to about $38, but today’s trading could only manage a high of $36.39 and the close was barely higher at $33.01 +1.95 (6.32%). Not a bad day, but not what was expected. Insmed (INSM) was also a winner on a study that reached its endpoint for the treatment of “non-cystic fibrosis bronchiectasis” and the stock was up in early trading and after trading as high as $30.44 (51%) it finished the day mid-range at $28.88 +8.34 (40.6%). Away from the biotech area, energy, everyone’s favorite sector to hate, was hit by another major downgrade from Goldman, all the way to an outright sell for XOM. I guess that someone finally figured out that an $ .87 quarterly div, or $3.48/year isn’t enough for a stock that has declined from $73.00 when it paid its last div. to $60.73 as of tonight’s close. I tend to agree, but after a decline in Oil from $66 to close just under $50 today, that they have probably managed to pick a short term bottom for a bounce.
BIOPHARMA: was HIGHER with BIIB +3.88, ABBV +1.32, REGN +3.18, ISRG +5.84, MYL +.22, TEVA +.71 (6.83%), VRTX +3.46, BHC +.49, INCY -.13, LABU +3.17, and IBB $115.89 +2.08 (1.83%).
CANNABIS: stocks were MIXED TO LOWER with TLRY -.29, CGC -.29, CRON -.06, GWPH +.02, ACB +.10, ACB +.10, PYX -.02, APHA -.06, NBEV +.05, ACRGF +.04, CURLF -.18, KERN -.33 and MJ $16.66 +.12 (.73%).
DEFENSE: was MIXED with LMT -4.26, RTN -2.09, GD +1.18, TXT +.36, UTX -.84, NOC -10.82, BWXT +.09, TDY +4.28 and ITA $227.31 -.39 (.17%).
RETAIL was MIXED with M + .45, JWN +.66, KSS -.05, DDS -.21, JCP -.035, WMT -.22, TGT +1.51, TJX +1.26, RL unchanged, UAA +.10, LULU +6.98 (2.92%), TPR +.26, CPRI -.14 and XRT $43.49 +.43 (1%).
FAANG and Big Cap: were MIXED with GOOGL (see above), AMZN -3.72, AAPL -1.41, FB +1.97, NFLX +12.51, NVDA +3.57, TSAL +115.43 (17.74%), BABA +6.57, BIDU +6.77, IBM +2.27, BA -2.77, CAT -1.83, and XLK $96.59 +1.26 (1.32%).
FINANCIALS were HIGHER across the board with FS +.45, JPM +.79, BAC +.10, MS +.35, C +.72, PNC +.50, AIG +.90, TRV +1.99, AXP +.66 and XLF $30.17 +.21 (.70%).
OIL, $50.11 – 1.45. Today’s action was a continued decline to just below $50 with a minor rally into the close. The stocks were LOWER with the oil market and XLE $52.74 -.70 (1.31%).
METALS, GOLD: $1,582.40 -5.50 after breaking out and tried overnight to make it back over $1,600, but failed and closed near the low of the day. We ran into some excessive supply at $1,598.50 and turning prices back today. We bought the GLD 2/149 calls @ $1.10 and they closed $1.31 -.70 today. Unfortunately, it is down $2.70 tonight.
BITCOIN: closed $9,410 -30. We broke to the upside today and managed a close on the highs. Yesterday I said, “I now expect a test of $9,200 to $9,500”. Tonight we are trading $9,450. We own 750 GBTC with an average of $8.89. GBTC closed $10.60 - .30 today.
Tomorrow is another day.
CAM
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Ethereum Corrects Down, While Experts Predict 4,300 Percent Gains

Ethereum Corrects Down, While Experts Predict 4,300 Percent Gains

Some Crypto Experts Even Predict Ethereum May Reach $10,000 In The Near Future
Ethereum, the second-largest cryptocurrency to date, sparked the flame of speculation, as Bitcoin’s runner-up managed to record a yearly high of $230.58. This price point is the highest since August 2019, when the crypto sector saw a massive downward push. As of press time, Ethereum corrected its price, losing 2,4% of its momentum.
Crypto traders are observing Ethereum’s price movements, as the ERC-20 token might become one of the largest gainers in the following few years. Switzerland-based crypto trader Bitcoin Macro made his forecasts about Ethereum’s bullish run on twitter, stating that Ethereum might go over $10,000. However, he noted that his outlook is not for 2020.
The primary cause for Bitcoin Macro’s price forecasts is the long-awaited Ethereum 2.0 update, which will remove mining and upgrade Ethereum to a “proof-of-stake” consensus algorithm. Proof-of-Stake means Ethereum holders may choose to put their savings into a “staking” account, receiving an interest rate for using their tokens on Ethereum’s blockchain. The massive upgrade still doesn’t have an exact timeframe, but the initial phase is scheduled for July 2020. The new protocol might be a turning point in Ethereum’s price movement, skyrocketing the #2 crypto.
Financial experts, however, are seeing signs of a deeper correction, as the short-term price per one ETH token dropped below the 50-day SMA at $225. Ethereum’s price swing settled around the $223 mark. Trading experts are cautious about giving strong predictions because Ethereum’s price suggests a period of consolidation. Bears might try to overcome the $221 support zone, and if so – Ethereum could fall down below the $210 mark.
For a positive correction, crypto experts suggest a massive move above $230, which will mitigate factors such as the 23,6 Fibonacci retracement line, as well as the 4-hour Bollinger bands chart. Looking at the 7-day charts, Ethereum made a 25% price increase – from $185.40 on February 4th, to a high of $229,86 on February 10th. The monthly chart is even more impressive, with Ethereum gaining 61 percent from January 10th.
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For Trading Jan 7

For Trading January 7th
Markets Rally Off Early Lows
Bond Rally Fizzles
RAD Continues Slide
Join Us Every Day, Link Below
Today’s market started off lower by as much as -216 before the selling pressure subsided and we started back up. By 2:00 we had erased then entire loss and were hanging around unchanged until the last 15 minutes of the day when we sprinted to the high of the day and a close of +68.50 (.24%), NASDAQ +50.69 (.56%, S&P500 +11.43 (.35% while the Russell was a laggard +2.39 (.14%) and the DJ Transports were the standout loser -62.67 (.57%), even though it too closed on the high of the day having been -166 earlier. The transports were pushed lower with JBHT getting a cut in price target to $124 on a downgrade from outperform to market perform, but that wasn’t the only issue. EXPD fell, along with airlines, and at one point all 20 components were lower. Also, even early today, the FAANG stocks turned and pulled many of the large-cap tech sector back to positive. FB +3.93 (1.9%), AMZN +27.91 (1.5%) AAPL +2.37 (.8%) and GOOGL +34.48 (2.53%) led the way. Market internals turned and at the close we were 15:13 on the NYSE and 17:15 on NAZ. These numbers were actually better than several of the up days in the last 10 days. While Oil reversed from almost $65 to close near the lows, Energy was strong, and also a surprise, Bond yields reversed to up on the day, but Banks were mostly lower.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
We closed out our TLT position @ $3.04, a gain of $342, and I also covered 100 RAD of the 300 we are short in the $100M account with a gain of $357.
SECTORS: Other names in the news: Today’s market was really all over the place but the early news was not good. Cal-Maine Foods (CALM) reported a loss of $ .21 vs. expectations of a $ .09 profit, and while the stock bounced off its low of $37.00 to close near the high @ $39.11, it was still lower by $3.34 (7.8%).
On the upside were several big names, CRM was raised at RBC to their BEST IDEA, and the stock jumped to a new all-time high finishing the day $173.45 +7.28 (4.38%).
Smile Direct (SDC) probably the worst IPO of the year, pricing above the $19 -22 range at $23, and then opening -1.45 @ $20.55 and finishing the day $16.67 – 6.33 or 28%), and then falling to a low of $7.56, reported that it is in a deal for some of its products at Walmart. The stock was $10.19 +1.81 (21.6%).
Under Armour (UAA) fell on the resumption of coverage at JPM with a neutral, down from over-perform, questioning the company’s ability to compete in the next half with a “full-price hangover.” The stock finished $20.44 -1.41 (6.45%).
The other big gainer was ATyr Pharma (LIFE), which has been trading between $2.70 and $3.05, and had rallied to close $4.26 on Friday with an average trading volume of 32,000, opened $7.19 +2.93 (68.7%) and traded to 7.62 before finishing $6.11 +1.85 (43.43%) on the news that it signed a collaboration and license agreement for the development with Kyorin Pharma to develop of their clinical candidate, ATYR1923 for ILD’s (interstitial lung diseases).
BIOPHARMA: was MIXED with BIIB -.03, ABBV +.79, REGN -.70, ISRG +2.42, MYL +.67, TEVA -.04, VRTX +6.05 (2.78%), BHC -.56, INCY -.56, ICPT -2.49, LABU +1.43 and IBB $119.12 +.76 (.64%).
CANNABIS: stocks were LOWER with TLRY -.50, CGC +.20, CRON -.33, GWPH -.18, ACB -.09, PYX -.74 (8.96%), APHA -.14, ACRGF -.05, CURLF -.20, KERN -.36 and MJ $16.45 -.28 (1.67%).
DEFENSE: was MIXED with LMT -.74, RTN -.11, GD +2.07, TXT -.04, UTX -.34, NOC +.84, BWXT -.16, TDY -1.27, and ITA $231.50 +1.52 (.66%).
RETAIL was HIGHER with M + .56, JWN +1.32, KSS +.19, DDS +.17, JCP +.01, WMT -.54, TGT -1.21, TJX +.39, KR +.10, RL +1.65, USS (see above), LULU +2.27, TPR +.34, CPRI -.31 and XRT $45.47 +.16 (.35%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +36.48, AMZN +20.53, AAPL +2.19, FB +3.89, NFLX +10.35 (3.18%), NVDA +1.33, TSLA +8.99, BABA unchanged, BIDU +2.14, BOX +.38, IBM -.04, BA +.93, CAT -.19, and XLK $92.56 +.22 (.24%).
FINANCIALS were HIGHER with GS +1.94, JPM -.54, BAC -.14, MS -.29, C -.28, PNC -.32, AIG -.16, TRV +.15, AXP -1.09 and XLF $30.73 -.02 (.07%).
OIL, $63.27 +.22. Today’s action was a rally to almost $65.00 and a fall back to close near the lows. Supply is fairly heavy here, but the stocks were HIGHER with the XLE $60.87 + .47 (.78%).
METALS, GOLD: $1,560 +16.40 after breaking out “of the box” earlier last week, and has moved higher, and although it traded $1,590, the lack of new negative news caused prices to work lower.
BITCOIN: closed $7710 + 255. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we were right back to the lower Bollinger Band. I said “I really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. Well, they resolved to the upside and I believe we will try 8,000 again. We own 750 GBTC with an average of $8.99. GBTC closed $8.99 +.40 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

For Trading Jan 7

For Trading January 7th
Markets Rally Off Early Lows
Bond Rally Fizzles
RAD Continues Slide
Join Us Every Day, Link Below
Today’s market started off lower by as much as -216 before the selling pressure subsided and we started back up. By 2:00 we had erased then entire loss and were hanging around unchanged until the last 15 minutes of the day when we sprinted to the high of the day and a close of +68.50 (.24%), NASDAQ +50.69 (.56%, S&P500 +11.43 (.35% while the Russell was a laggard +2.39 (.14%) and the DJ Transports were the standout loser -62.67 (.57%), even though it too closed on the high of the day having been -166 earlier. The transports were pushed lower with JBHT getting a cut in price target to $124 on a downgrade from outperform to market perform, but that wasn’t the only issue. EXPD fell, along with airlines, and at one point all 20 components were lower. Also, even early today, the FAANG stocks turned and pulled many of the large-cap tech sector back to positive. FB +3.93 (1.9%), AMZN +27.91 (1.5%) AAPL +2.37 (.8%) and GOOGL +34.48 (2.53%) led the way. Market internals turned and at the close we were 15:13 on the NYSE and 17:15 on NAZ. These numbers were actually better than several of the up days in the last 10 days. While Oil reversed from almost $65 to close near the lows, Energy was strong, and also a surprise, Bond yields reversed to up on the day, but Banks were mostly lower.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
We closed out our TLT position @ $3.04, a gain of $342, and I also covered 100 RAD of the 300 we are short in the $100M account with a gain of $357.
SECTORS: Other names in the news: Today’s market was really all over the place but the early news was not good. Cal-Maine Foods (CALM) reported a loss of $ .21 vs. expectations of a $ .09 profit, and while the stock bounced off its low of $37.00 to close near the high @ $39.11, it was still lower by $3.34 (7.8%).
On the upside were several big names, CRM was raised at RBC to their BEST IDEA, and the stock jumped to a new all-time high finishing the day $173.45 +7.28 (4.38%).
Smile Direct (SDC) probably the worst IPO of the year, pricing above the $19 -22 range at $23, and then opening -1.45 @ $20.55 and finishing the day $16.67 – 6.33 or 28%), and then falling to a low of $7.56, reported that it is in a deal for some of its products at Walmart. The stock was $10.19 +1.81 (21.6%).
Under Armour (UAA) fell on the resumption of coverage at JPM with a neutral, down from over-perform, questioning the company’s ability to compete in the next half with a “full-price hangover.” The stock finished $20.44 -1.41 (6.45%).
The other big gainer was ATyr Pharma (LIFE), which has been trading between $2.70 and $3.05, and had rallied to close $4.26 on Friday with an average trading volume of 32,000, opened $7.19 +2.93 (68.7%) and traded to 7.62 before finishing $6.11 +1.85 (43.43%) on the news that it signed a collaboration and license agreement for the development with Kyorin Pharma to develop of their clinical candidate, ATYR1923 for ILD’s (interstitial lung diseases).
BIOPHARMA: was MIXED with BIIB -.03, ABBV +.79, REGN -.70, ISRG +2.42, MYL +.67, TEVA -.04, VRTX +6.05 (2.78%), BHC -.56, INCY -.56, ICPT -2.49, LABU +1.43 and IBB $119.12 +.76 (.64%).
CANNABIS: stocks were LOWER with TLRY -.50, CGC +.20, CRON -.33, GWPH -.18, ACB -.09, PYX -.74 (8.96%), APHA -.14, ACRGF -.05, CURLF -.20, KERN -.36 and MJ $16.45 -.28 (1.67%).
DEFENSE: was MIXED with LMT -.74, RTN -.11, GD +2.07, TXT -.04, UTX -.34, NOC +.84, BWXT -.16, TDY -1.27, and ITA $231.50 +1.52 (.66%).
RETAIL was HIGHER with M + .56, JWN +1.32, KSS +.19, DDS +.17, JCP +.01, WMT -.54, TGT -1.21, TJX +.39, KR +.10, RL +1.65, USS (see above), LULU +2.27, TPR +.34, CPRI -.31 and XRT $45.47 +.16 (.35%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +36.48, AMZN +20.53, AAPL +2.19, FB +3.89, NFLX +10.35 (3.18%), NVDA +1.33, TSLA +8.99, BABA unchanged, BIDU +2.14, BOX +.38, IBM -.04, BA +.93, CAT -.19, and XLK $92.56 +.22 (.24%).
FINANCIALS were HIGHER with GS +1.94, JPM -.54, BAC -.14, MS -.29, C -.28, PNC -.32, AIG -.16, TRV +.15, AXP -1.09 and XLF $30.73 -.02 (.07%).
OIL, $63.27 +.22. Today’s action was a rally to almost $65.00 and a fall back to close near the lows. Supply is fairly heavy here, but the stocks were HIGHER with the XLE $60.87 + .47 (.78%).
METALS, GOLD: $1,560 +16.40 after breaking out “of the box” earlier last week, and has moved higher, and although it traded $1,590, the lack of new negative news caused prices to work lower.
BITCOIN: closed $7710 + 255. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we were right back to the lower Bollinger Band. I said “I really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. Well, they resolved to the upside and I believe we will try 8,000 again. We own 750 GBTC with an average of $8.99. GBTC closed $8.99 +.40 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

3 years of milestones for Tao culminating with FanMix.com launching today

I'm writing this to present the case for Tao as the real deal. It's been mentioned on this sub before, but today is the big day and I want to lay out a cohesive explanation of why I've been happy to own Tao and why it's one of the best shots out there for real Moon(™) status.
Tao launched in 2016 to serve the music industry. The developer recognized that the way most people are approaching the idea of bringing crypto to serve musicians was all wrong, as he explains in this short video (all Twitter videos I’ll be linking to are about 2 minutes each)
https://twitter.com/taoblockchain/status/1176242929838350337
When he first developed Tao he looked at all of the different forks of Bitcoin out there and picked all of what he saw as the best features, added a couple of his own, and gave it a generous block size limit, and made it Turing complete like Ethereum — creating what he likes to call the Swiss army knife of crypto:
https://twitter.com/taoblockchain/status/1176625734162345984

One of the first people officially involved with the project was Peter Rafelson
Here is a quick video explaining who he is
https://twitter.com/taoblockchain/status/1174119584804175873
and here is the Billboard official podcast interviewing him which is mentioned in the above video
https://www.billboard.com/articles/columns/podcasts/8517903/madonna-peter-rafelson-interview-open-your-heart-chart-beat-podcast
(interview starts at around 30 minutes in)
Between the two links you will see Peter is very well connected in Hollywood and the music industry. He also owns a multi-million dollar recording studio in Hollywood.
These connections are important because what the Tao project(s) are doing is designed to work for artists and the music industry, not to “disrupt it” from the outside or approach it as a Silicon Valley style project, which makes it more attractive to people in the existing industry.

The developer and his team have lobbied and met with members of Congress and the SEC, as told in this video:
https://twitter.com/taoblockchain/status/1174795731141480453
Everything they are doing and have been doing since 2016 is fully regulatory compliant to such a degree that the currently underserved 13 years old and over market of teen music fans will be able to use their platform.
The entire idea is to make it easier for indie artists to monetize their fanbase and let the fans connect with the bands they love. This required an exchange, the AltMarket which launched several months ago and the final piece of what they’ve been building, FanMix, which is launching with their first band sometime in the next 24 hours.

What is FanMix?
FanMix lets fans earn crypto - which they just think of as rewards points, without needing to know or care anything about cryptocurrency. They can refer other fans and earn rewards and the bands themselves can earn more revenue by using referral links to get their fans onboard OR extra passive revenue by getting other bands to sign.
These two short videos explain a little more about it:
https://twitter.com/taoblockchain/status/1173707710530871296
https://twitter.com/taoblockchain/status/1173726808329486336
Each band gets to raise funds and their fans are rewarded with Tao AND they get branded artist tokens which they can later trade (exclusively traded against Tao).
The AltMarket and the Tao team have already launched official Wu-Tang Clan coin ODBcoin as a beta test of the “Initial Artist Offering” or IAO process - the artist tokens - and in the process they helped launch Ol Dirty Bastard’s son Young Dirty, including appearing with Wu-Tang on NPR’s Tiny Desk concerts
https://giphy.com/gifs/npr-wu-tang-tiny-desk-gEx9kqPkamf7DlkPsL
https://www.npr.org/2018/12/04/673291531/wu-tang-clan-tiny-desk-concert
FanMix.com is designed to be the single place a band can go to sell their albums (digital but also physical, signed, etc.) and other merchandise as well as exclusive fan rewards for their biggest supporters.
They are introducing their first band sometime in the next 24 hours. With the first band and with every one that follows, Tao will be bought automatically off of the AltMarket for every dollar spent by fans on their artist.
Buy the album, Tao is bought off the market and held for staking to generate the rewards funds for the fans. The more fan money spent, the more Tao is bought off the market and kept off the market to stake. That’s automated buy pressure driven by music fans, the first crypto whose price will be driven by pure use case regardless of traders or speculators. True adoption.
https://twitter.com/taoblockchain/status/1150167087182012416
In fact, since Tao is an essential asset for the AltMarket/FanMix (AM/FM, get it?) business model, they have an incentive to buy a lot of it off the market before the price is driven up and up by the fans. FanMix is selling equity in the company with an overseas SRO raising $10,000,000 - they have a verbal agreement and are just waiting for the contracts to arrive.
What the CEO of AltMarket & FanMix has promised is that after they close on the $10 Million raise, they will spend $1,000,000 - one million dollars in a single gigantic buy order for Tao at $1 or whatever the current market price is, whichever is higher. Even if the price has gotten over a dollar per coin before this happens, it’s in their interests to buy as much as possible.
https://twitter.com/taoblockchain/status/1183270025085407232
The market cap of Tao is only about $2.9 million as I type this, recent trades were 8.7 cents per coin. So if they buy $1 million worth at $1 that’s a nice ~11.5x return, but once this is in full swing next year with a growing number of artists and fans, not to mention when Infiniti Festival happens next summer, this could be one of the be one of the biggest moon shots since those lucky people bought BTC when it was just a few cents.
It’s late here so I’m going to post this but will check back in several hours and will be happy to answer any questions I can.
A few additional links:
fanmix.com
Tao trades on
https://qtrade.io/market/TAO_BTC
and its official home at
https://exchange.alt.market/
Join us on Slack: https://taonetwork.typeform.com/to/hnuAj0
or Telegram:
https://t.me/TaoCryptocurrency
Kasey Win developer interview part 1
https://twitter.com/taoblockchain/status/1174469837000589312
Kasey Win developer interview part 2
https://twitter.com/taoblockchain/status/1174766521890951168
ODBcoin - bringing fans and artists together - interview with Young Dirty about ODBcoin and “Proof Of Fan”
http://www.youtube.com/watch?v=q04mKxybgtg
Naomi Brockwell and Taylor Swift coin
first link is short edit that boils it down to basically an elevator pitch for artist branded coins (Taylor Swift is not making a coin to my knowledge, it was just Naomi’s example since she’s a Swift fan)
http://acgimg.s3.amazonaws.com/Naomi%20Brockwell%20Taylor%20Swift%20coin%20twitter%20ediit.mp4
https://www.youtube.com/watch?v=Q9\_9UkerJ-M
submitted by ACG-Crypto to CryptoMoonShots [link] [comments]

For trading Dec 24th

For Trading December 24th
BOEING CEO FIRED Stock Higher
TSLA NEW ALL-TIME HIGH, again!
Home Run of the Day!
Join Us Every Day, Link Below
Today’s market took off right from the start with the news that Dennis Muilenburg was fired from BA. The futures were just slightly higher before the news but the added action in BA pushed them up to a +90 open. We spent a while grinding higher and were +127 around 11:45 and everyone must have hit the eggnog because it became a sleep afternoon with a slight selloff near the close to finish +96.43 (.34%). NASDAQ +20.69 (.23%), S&P 500 +2.79 (.09%), the Russell +2.24 (.13%), and the DJ Transports +11.95 (.11%). It was an “inside day” with NYSE internals 4:4 and NAZ 8:7. DJIA was 17:12 and MSFT unchanged. The leaders were BA +65, AAPL +30 and MMM +21DPs. On the downside we had only 2 double-digits, DIS -15 and HD-14DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the above mentioned BA news after an actual Halt for news pending and it was the biggest DJIA winner on the day. RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again today closing + .98 (7%). Apple received yet another upgrade today from Wedbush, calling for a “super-cycle” of upgrades on the 5G launch coming next year and gave it a street high price objective of $350. As mentioned in the headlines, TSLA made a new high at $422.01, above the $420 that Elon Musk tweeted (and got into trouble over) was his buyout price earlier in the year. The stock is up from $176.99 in June for a gain of 172%.
And, the HOMERUN OF THE DAY WAS Intra-Cellular (ITCI), who received an FDA approval for its new schizophrenia drug and the stock, whose all-time high was $60.79 in late 2015 and had fallen to a recent and new low of $6.75 in mid-October had closed $12.44 on Friday gapped up on the news to open $25.50 and trade as high as $43.56, finished the day $36.51 +24.07 (193.49%). Just a note, this was a topic of discussion in our Discord room this morning and 2 of our participants traded the stock for excellent gains. The link is just above for your convenience.
BIOPHARMA: was HIGHER with BIIB +.51, ABBV +.76, REGN -1.42, ISRG +6.11 (1.03%)we had a trade there today, MYL +.13, TEVA -.16, VRTX -.71, BHC +.11, INCY +.06, ICPT +4.60 (3.85%), LABU +1.86, and IBB $122.99 +.94 (.77%).
CANNABIS: stocks were LOWER with only CRON +.05 and APHA +.01 while KERN, the compliance software firm $8.50 -1.80 (17.48%) and MJ $16.94 - .15 (.88%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with the passage of the new budget extension and ITA $226.43 +2.43 (1.08%).
RETAIL was MIXED with the stores slightly higher, the discounters and the brands lower. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $45.55 -.16 (.35%).
FAANG and Big Cap: were MIXED with GOOGL -.59, AMZN +6.50, AAPL +5.12, FB -.16, NFLX -3.90, NVDA -.25, TSLA +14.10 (3.48%), BABA +2.70, BIDU +1.46, BOX -.14, IBM -.03, BA +9.36, CAT +.93, and XLK 91.21 +.26 (.29%).
FINANCIALS were MIXED with GS +.22, JPM -.02, BAC +.23, MS +.03, PNC +.26, AIG -.57, TRV -.20, AXP -1.28, and XLF $30.16 -.07 (.23%).
OIL, $60.52 +.08. Today’s action was mostly just another quiet and short-range “inside” day, with a nice upward bias. The stocks were HIGHER and XLE was $61.99 +.63 (1.03%).
METALS, GOLD: $1,488.70 +7.80 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460, and today’s close is right near the top. Prices are slightly higher tonight at $1,492 + 3.60, so we’ll see if we can breakout.
BITCOIN: closed $7410 +180. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.99 +.11 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

For Trading Dec 24

For Trading December 24th
BOEING CEO FIRED Stock Higher
TSLA NEW ALL-TIME HIGH, again!
Home Run of the Day!
Join Us Every Day, Link Below
Today’s market took off right from the start with the news that Dennis Muilenburg was fired from BA. The futures were just slightly higher before the news but the added action in BA pushed them up to a +90 open. We spent a while grinding higher and were +127 around 11:45 and everyone must have hit the eggnog because it became a sleep afternoon with a slight selloff near the close to finish +96.43 (.34%). NASDAQ +20.69 (.23%), S&P 500 +2.79 (.09%), the Russell +2.24 (.13%), and the DJ Transports +11.95 (.11%). It was an “inside day” with NYSE internals 4:4 and NAZ 8:7. DJIA was 17:12 and MSFT unchanged. The leaders were BA +65, AAPL +30 and MMM +21DPs. On the downside we had only 2 double-digits, DIS -15 and HD-14DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the above mentioned BA news after an actual Halt for news pending and it was the biggest DJIA winner on the day. RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again today closing + .98 (7%). Apple received yet another upgrade today from Wedbush, calling for a “super-cycle” of upgrades on the 5G launch coming next year and gave it a street high price objective of $350. As mentioned in the headlines, TSLA made a new high at $422.01, above the $420 that Elon Musk tweeted (and got into trouble over) was his buyout price earlier in the year. The stock is up from $176.99 in June for a gain of 172%.
And, the HOMERUN OF THE DAY WAS Intra-Cellular (ITCI), who received an FDA approval for its new schizophrenia drug and the stock, whose all-time high was $60.79 in late 2015 and had fallen to a recent and new low of $6.75 in mid-October had closed $12.44 on Friday gapped up on the news to open $25.50 and trade as high as $43.56, finished the day $36.51 +24.07 (193.49%). Just a note, this was a topic of discussion in our Discord room this morning and 2 of our participants traded the stock for excellent gains. The link is just above for your convenience.
BIOPHARMA: was HIGHER with BIIB +.51, ABBV +.76, REGN -1.42, ISRG +6.11 (1.03%)we had a trade there today, MYL +.13, TEVA -.16, VRTX -.71, BHC +.11, INCY +.06, ICPT +4.60 (3.85%), LABU +1.86, and IBB $122.99 +.94 (.77%).
CANNABIS: stocks were LOWER with only CRON +.05 and APHA +.01 while KERN, the compliance software firm $8.50 -1.80 (17.48%) and MJ $16.94 - .15 (.88%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with the passage of the new budget extension and ITA $226.43 +2.43 (1.08%).
RETAIL was MIXED with the stores slightly higher, the discounters and the brands lower. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $45.55 -.16 (.35%).
FAANG and Big Cap: were MIXED with GOOGL -.59, AMZN +6.50, AAPL +5.12, FB -.16, NFLX -3.90, NVDA -.25, TSLA +14.10 (3.48%), BABA +2.70, BIDU +1.46, BOX -.14, IBM -.03, BA +9.36, CAT +.93, and XLK 91.21 +.26 (.29%).
FINANCIALS were MIXED with GS +.22, JPM -.02, BAC +.23, MS +.03, PNC +.26, AIG -.57, TRV -.20, AXP -1.28, and XLF $30.16 -.07 (.23%).
OIL, $60.52 +.08. Today’s action was mostly just another quiet and short-range “inside” day, with a nice upward bias. The stocks were HIGHER and XLE was $61.99 +.63 (1.03%).
METALS, GOLD: $1,488.70 +7.80 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460, and today’s close is right near the top. Prices are slightly higher tonight at $1,492 + 3.60, so we’ll see if we can breakout.
BITCOIN: closed $7410 +180. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.99 +.11 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

For trading Jan 3

For Trading January 3rd
New High Abound APPLE TOPS 300
Bonds Rally Off Lows
RAD Falls Back To Earth, Again
Join Us Every Day, Link Below
Today’s market started off higher by about 200 on the news of Chinese lowering the “reserve requirement” to prompt more lending. The market took no notice of the “initial claims for unemployment” rose to the highest level (4-week moving average) since January 2018. Bonds, especially the long end started lower but came back very strongly on continued soft manufacturing numbers out of China and Europe, and the possibility that the overbought market is due for a pullback, and investors moving to a more defensive stance. As I have written, I’m using our position for the later move that I label a “flight to safety.” By 10:30 we had fallen to the low of the day, +89, and started a sideways to higher move and just after 2:45 we broke to new highs again and in the last 15 minutes we added an additional 100 DPs and finished +330.36 (1.16%), NASDAQ +119.59 (1.33%), S&P 500 +27.07 (.84%), while the Russell, lower all day finished -1.70 (.10%) and the Transports were +93.03 (.85%). A/D was roughly 1.4:1 on both NYSE and the NAZ. DJIA was 24:6 with the big winners AAPL, BA, MMM, GS, and MCD. We bought a small position in LULU 1/17 220 puts at $1.65 to $1.70 (closed $1.55) and we still have our position in TLT calls @ $1.33 (closed 1.40) and I shorted the RAD 300 [email protected] $16.87 (trading 14.40 in extended hours). When I start to hear statistics like AAPL is now a market-cap greater than the entire energy sector, that makes me nervous. I love the stock, and the products, but when did a consumer electronics company become bigger that the industry that powers our cars and planes, our manufacturing sector, and our power grid?
Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Today’s market was not really that unusual for the first trading day of the year, since there is a massive amount of money that flows in from pensions, 401K’s and bonuses paid either at year-end or in the new year to delay tax liability. Early on, there was a little selling of the big winners but it was overcome by the rally. As mentioned in the headlines, AAPL rose to close $300.25 and is now $300.85 +7.20 (2.46%) in extended trading. TSLA got a new price target from Cannacord today, calling for $515 from 375, and it is trading $430.98 +12.65 (3.02%). Many of the Chinese stocks were strong with BABA at a new high $219,82 +7.72 (3.64%) and BIDU $138.22 +11.82 (9.35%).
There were several biopharma names in the news with varying results. INCY had a failed trial and after closing $85.97 -1.35, it has fallen to 73.01 but is now 77.28 – 8.59 (10%). Also on the downside was Durect (DRRX) who had a failed trial for its Plaque psoriasis treatment and it fell from a recent recovery high of $3.95 to trade $2.05 and close $2.62 -1.18 (31.05%).
But the Disaster Du Jour was Novan (NOVN), which reported a failed study on molluscum contagiosum, a viral skin infection that causes lesions. The stock, public since mid-2016 has traded as high as $30.90, had fallen to trade as low as $ .65 last year, had traded $3.72 last week but fell to a low of $ .77 with a last of $ .86 – 2.55 (73%).
And, the HOMERUN OF THE DAY was Pulmatrix, Inc. (PULM) whose licensing and development agreement with JNJ for their Lung Cancer Initiative will net it $7.2 million upfront and additional $2 million milestone payments in its study on COPD. The stock had been trading between $ .61 and $1.02 and closed $ .84 on 12/31 and opened today $1.62, traded $1.79 and finished the day $1.62 +.76 (88.37%).
BIOPHARMA: was LOWER with BIIB -2.49, ABBV +.95, REGN -2.13, ISRG +6.11, MYL +.55, TEVA -.24, VRTX +1.05, BHC -.01, INCY -10.21 (see above), ICPT -5.24 (4.23%), LABU -1.15, and IBB $119.97 -.54 (.45%).
CANNABIS: stocks were LOWER with TLRY -.71, CGC -1.03, CRON -.32, GWPH -.25, ACB -.11, PYX -.64, APHA -.21, NBEV -.02, ACRGF -.08, CURLF -.15, KERN -.41 and MJ $16.90 -.22 (1.29%).
DEFENSE: was HIGHER with LMT =9.82, RTN +5.25, GD +1.66, TXT +.88, UTX +3.88, NOC +11.73, BWXT +1.55, TDY +11.41, and ITA $227.38 +5.30 (2.39%).
RETAIL was MIXED with M -.42, JWN -.82, KSS -1.90, DDS -3.43, WMT +.17, TGT -2.13, TJX +.69, KR -.33, RL +1.56, UAA +.18, LULU +1.78, TPR -.04, CPRI +.13 and XRT $45.66 -.35 (.76%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +29.29, AMZN +51.38, AAPL +7.20, FB +4.57, NFLX +6.43, NVDA +4.73, TSLA +12.67, BABA +7.66, BIDU +11.66, BOX +.46, IBM +1.38, BA +7.05, CAT +2.85, and XLK $93.40 +1.73 (1.89%).
FINANCIALS were HIGHER with GS +4.41, JPM +1.76, BAC +.43, MS +1.13, C +1.38, PNC +.74, AIG +.43, TRV +.56, AXP +1.79, and XLF $31.13 +.35 (1.14%).
OIL, $61.18 + .12. Today’s action was a rally after testing 60.50 again today and back to just slightly higher. The stocks were HIGHER with the XLE $60.64 + .60 (1.00%).
METALS, GOLD: $1,228.10 +5.00 after breaking out “of the box” earlier last week, and has moved higher, and is now approaching the resistance around 1535 range. Today’s high was $1534 and we’ll see how it acts when it approaches $1,542.
BITCOIN: closed $7040 -210. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. I’m really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. We own 750 GBTC with an average of $8.99. GBTC closed $7.98 -.21 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

WTF is going on guys???

Really someone ELI5... this is surprinsingly insane to me.
submitted by blackswanmx to BitcoinMarkets [link] [comments]

For Trading Jan 3rd

For Trading January 3rd
New High Abound APPLE TOPS 300
Bonds Rally Off Lows
RAD Falls Back To Earth, Again
Join Us Every Day, Link Below
Today’s market started off higher by about 200 on the news of Chinese lowering the “reserve requirement” to prompt more lending. The market took no notice of the “initial claims for unemployment” rose to the highest level (4-week moving average) since January 2018. Bonds, especially the long end started lower but came back very strongly on continued soft manufacturing numbers out of China and Europe, and the possibility that the overbought market is due for a pullback, and investors moving to a more defensive stance. As I have written, I’m using our position for the later move that I label a “flight to safety.” By 10:30 we had fallen to the low of the day, +89, and started a sideways to higher move and just after 2:45 we broke to new highs again and in the last 15 minutes we added an additional 100 DPs and finished +330.36 (1.16%), NASDAQ +119.59 (1.33%), S&P 500 +27.07 (.84%), while the Russell, lower all day finished -1.70 (.10%) and the Transports were +93.03 (.85%). A/D was roughly 1.4:1 on both NYSE and the NAZ. DJIA was 24:6 with the big winners AAPL, BA, MMM, GS, and MCD. We bought a small position in LULU 1/17 220 puts at $1.65 to $1.70 (closed $1.55) and we still have our position in TLT calls @ $1.33 (closed 1.40) and I shorted the RAD 300 [email protected] $16.87 (trading 14.40 in extended hours). When I start to hear statistics like AAPL is now a market-cap greater than the entire energy sector, that makes me nervous. I love the stock, and the products, but when did a consumer electronics company become bigger that the industry that powers our cars and planes, our manufacturing sector, and our power grid?
Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Today’s market was not really that unusual for the first trading day of the year, since there is a massive amount of money that flows in from pensions, 401K’s and bonuses paid either at year-end or in the new year to delay tax liability. Early on, there was a little selling of the big winners but it was overcome by the rally. As mentioned in the headlines, AAPL rose to close $300.25 and is now $300.85 +7.20 (2.46%) in extended trading. TSLA got a new price target from Cannacord today, calling for $515 from 375, and it is trading $430.98 +12.65 (3.02%). Many of the Chinese stocks were strong with BABA at a new high $219,82 +7.72 (3.64%) and BIDU $138.22 +11.82 (9.35%).
There were several biopharma names in the news with varying results. INCY had a failed trial and after closing $85.97 -1.35, it has fallen to 73.01 but is now 77.28 – 8.59 (10%). Also on the downside was Durect (DRRX) who had a failed trial for its Plaque psoriasis treatment and it fell from a recent recovery high of $3.95 to trade $2.05 and close $2.62 -1.18 (31.05%).
But the Disaster Du Jour was Novan (NOVN), which reported a failed study on molluscum contagiosum, a viral skin infection that causes lesions. The stock, public since mid-2016 has traded as high as $30.90, had fallen to trade as low as $ .65 last year, had traded $3.72 last week but fell to a low of $ .77 with a last of $ .86 – 2.55 (73%).
And, the HOMERUN OF THE DAY was Pulmatrix, Inc. (PULM) whose licensing and development agreement with JNJ for their Lung Cancer Initiative will net it $7.2 million upfront and additional $2 million milestone payments in its study on COPD. The stock had been trading between $ .61 and $1.02 and closed $ .84 on 12/31 and opened today $1.62, traded $1.79 and finished the day $1.62 +.76 (88.37%).
BIOPHARMA: was LOWER with BIIB -2.49, ABBV +.95, REGN -2.13, ISRG +6.11, MYL +.55, TEVA -.24, VRTX +1.05, BHC -.01, INCY -10.21 (see above), ICPT -5.24 (4.23%), LABU -1.15, and IBB $119.97 -.54 (.45%).
CANNABIS: stocks were LOWER with TLRY -.71, CGC -1.03, CRON -.32, GWPH -.25, ACB -.11, PYX -.64, APHA -.21, NBEV -.02, ACRGF -.08, CURLF -.15, KERN -.41 and MJ $16.90 -.22 (1.29%).
DEFENSE: was HIGHER with LMT =9.82, RTN +5.25, GD +1.66, TXT +.88, UTX +3.88, NOC +11.73, BWXT +1.55, TDY +11.41, and ITA $227.38 +5.30 (2.39%).
RETAIL was MIXED with M -.42, JWN -.82, KSS -1.90, DDS -3.43, WMT +.17, TGT -2.13, TJX +.69, KR -.33, RL +1.56, UAA +.18, LULU +1.78, TPR -.04, CPRI +.13 and XRT $45.66 -.35 (.76%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +29.29, AMZN +51.38, AAPL +7.20, FB +4.57, NFLX +6.43, NVDA +4.73, TSLA +12.67, BABA +7.66, BIDU +11.66, BOX +.46, IBM +1.38, BA +7.05, CAT +2.85, and XLK $93.40 +1.73 (1.89%).
FINANCIALS were HIGHER with GS +4.41, JPM +1.76, BAC +.43, MS +1.13, C +1.38, PNC +.74, AIG +.43, TRV +.56, AXP +1.79, and XLF $31.13 +.35 (1.14%).
OIL, $61.18 + .12. Today’s action was a rally after testing 60.50 again today and back to just slightly higher. The stocks were HIGHER with the XLE $60.64 + .60 (1.00%).
METALS, GOLD: $1,228.10 +5.00 after breaking out “of the box” earlier last week, and has moved higher, and is now approaching the resistance around 1535 range. Today’s high was $1534 and we’ll see how it acts when it approaches $1,542.
BITCOIN: closed $7040 -210. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. I’m really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. We own 750 GBTC with an average of $8.99. GBTC closed $7.98 -.21 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

Your Guide to Monero, and Why It Has Great Potential

/////Your Guide to Monero, and Why It Has Great Potential/////

Marketing.
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.

///Upcoming Developments///

Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested.
Multisig
Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero.
Kovri
Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy.
Mobile Wallets
There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon.
Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here.
TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow.
Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information.
Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees!
Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.
Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.

///Monero's Technology - Rising Above The Rest///

Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero".
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!.
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."
The Organic Growth of the Monero Community
The Monero community over at monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader, and all memes at moonero.
Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work.
Monero For Goods, Services, and Market Places
There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier!
Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others.
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com.
With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet.
Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far.
Skepticism Sunday
The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on.

///Speculation///

Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments.
There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin.
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero.
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range.
Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money.
Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today.
Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading.
Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases.
Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money.
Monero is private internet money.
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.

///Key Issues for Monero to Overcome///

Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit.
In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.

///Conclusion///

I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ?
Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
submitted by johnfoss69 to CryptoCurrency [link] [comments]

11-29 21:33 - 'We’re giving away an Apple Watch 5 as a thank you to the cryptocurrency community for supporting Crypto Pro.' (self.Bitcoin) by /u/Bull127 removed from /r/Bitcoin within 21-31min

'''
In the holiday spirit, and as a thank you to the cryptocurrency community, we, at Crypto Pro are giving away a brand new Apple Watch 5 to one lucky bag holder.
[Crypto Pro]1 launched back in 2015 when Bitcoin was priced at $200 a pop, and Dogecoin ranked 7th. We wanted to create a small Apple Watch widget so that everyone can see Bitcoin’s price at the flick of a wrist.
The app has gone a long way since then, and we have the reddit and cryptocurrency community to thank, for giving us both encouragements and constructive feedback to shape what the app is today. So thank you:)

Rules

What is Crypto Pro?

Crypto prices / news / portfolio app designed for iOS. Users can see stats like portfolio gains, losses, and other cool analytics. As well as set price alerts, read news, connect to your exchanges and wallets. [Here's a link to check us out]4 !

How are we different?

We are the only major cryptocurrency app that keeps all the user data on device and doesn't track or analyze it in any way. We believe that privacy is important, and that no one should have access to your portfolio size, market viewing habits, or API keys. Everything is encrypted and stored locally on your phone. When you delete the app, all your data is deleted… the way it should be. (but we have an option to backup to your own iCloud or Dropbox account if you want to).
We also think the design is pretty cool tbh. We got some nice sparklines going, cool charts, real-time pricing, and a bunch of other cool features. Here’s a few pictures I put together with a sample portfolio > [[link]6

What should I comment?

Feedback on the app is always appreciated :) or comment the year you first learnt about Bitcoin, or your price prediction for December 2020, or some just some random gibberish ಠᴗಠ.
Happy [belated] Turkey Day!
- Crypto Pro Team
P.S. Buy the fucking dip.
P.P.S. ^ not financial advice.
'''
We’re giving away an Apple Watch 5 as a thank you to the cryptocurrency community for supporting Crypto Pro.
Go1dfish undelete link
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Author: Bull127
1: apps.apple****/a**/id980888**3 2: w*w**ickcou**er.com/coun*do*n/*61207**cryp*o-pr*-*ive*way 3: www*p*cp*tv*cryp*opro_a*p/ 4: a*ps****le.co*/app/id9*08880*3 5: *m*u*.com/*/a*j0l67 6: *m*ur.*om/a/ac*0l6*]^^*
Unknown links are censored to prevent spreading illicit content.
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11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min

'''
• The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN.
Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy.
• KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001.
• Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total.
Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002
• In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions.
DIFFERENCE BETWEEN FIAT AND CRYPTO:
• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10
'''
DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN
Go1dfish undelete link
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Author: xia112
1: lintangnews.c*m/ada*kr**s*o*n-*ni-be*a*ya-d*ngan-bi***in* 2: 0xzx**o***019101*124431*902.*tml 3: ne*s.*oko**y*to.com/*ag/**atsco*n-kt*/ 4: bbs.**anya.cn/p**t-l*ok*u*-836*0*-*.shtml 5: z*uanlan.z*i*u.*om*p/*4*44615 6: l*nta*g*ews.*o*/ada*kr*ts*o*n-*ni-***a*ya-d*ngan-bitcoin/]^^1 7: 0x*x*com/2019101**24*312*02*ht**]^^2 8: news*t**ocr*p*o***m/tag/kr*tscoin-ktc/]*^3 9: bbs.*i*n*a.cn/p**t-loo*ou*-8*61*5-1.sht*l*^^4 10: zhuanl*n.zh*hu.co*/**84**461*]^^5
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WILL BITCOIN PRICE CRASH  ETHEREUM ETH TECHNICAL ANALYSIS ON LIVE CHART HINDI Bitcoin Price Action Predictive Matrix Bitcoin Price Must Now ‘Reclaim $9400 Quick’ to Stop Bears — Trader The Last Time Volatility Was This Low, the Bitcoin Price Crashed 60% The Bitcoin Chart NO ONE Is Looking At (BTC CHARTS)

How much of the real bitcoin has been moved in the last week / month / year. Different from exchange traded - this data is straright from the blockchain of the real asset being horded (HODL) or being sent / spent. Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more. Chart created by @RichDvorakFX with TradingView. Bitcoin prices compressing into a tighter range over recent weeks can be highlighted using Bollinger Bands as well. A Bollinger band squeeze [ July 21, 2020 ] Bitcoin Chart Coiled, Pennant Breakout Eyed Forex News [ July 21, 2020 ] S&P 500, Dow rise on optimism over earnings reports, stimulus By Reuters Stock News [ July 21, 2020 ] Edison International: This 4.6%-Yielding Stock Is Still Undervalued (NYSE:EIX) Stock News Since then, its price has mostly traded between the $8,900 support level and the $10,000 resistance. Throughout this time, Bitcoin has failed to close below or above these price hurdles to help determine the trend’s direction. The lackluster price action also forced the Bollinger bands to squeeze on BTC’s 3-day chart.

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WILL BITCOIN PRICE CRASH ETHEREUM ETH TECHNICAL ANALYSIS ON LIVE CHART HINDI

Welcome to Team Underground, I (Thomas) do weekly BTC price analysis on YouTube. I've been full time trading bitcoin for over a year now and I've decided to share some of my analysis on YouTube. Learn how to read stock charts and identify technical patterns as ClayTrader does a quick stock chart review on Bitcoin (Bitcoin). Watch more Bitcoin Technical Analysis Videos: https://claytrader ... Bitcoin price is highly volatile. Currently bitcoin price is stable above $9000 which is critical support level. If btc price fell below $9000 then next target would be $8500. One trader shared the chart below late last week, showing Bitcoin’s price action since the start of 2019. On the bottom of the chart is the Bollinger Bands Width indicator, which tracks the ... Bollinger Bands consist of an upper and lower band surrounding a middle band and have historically captured both bullish and bearish moves by Bitcoin. BTC/USD chart showing compression cycles.

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